| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,250 | 1,250 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| 115 W BROOKWOOD DR - HOUSE | 2015-11-17 | 153,000 | 23,048 | S/L | 39.0000 | 3,923 | 3,923 | ||
| 115 W BROOKWOOD DR - LAND | 2015-11-17 | 20,000 | |||||||
| HEATING/AIR SYSTEM | 2016-06-03 | 3,700 | 3,452 | 200DB | 7.0000 | 165 | 165 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SEE ATTACHED | 36,833,256 | 40,564,489 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 156,700 | 30,589 | 126,111 | 146,111 | |
| 20,000 | 20,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| DUES & SUBSCRIPTIONS | 2,135 | 2,135 | ||
| INSURANCE | 11,118 | 11,118 | ||
| MISCELLANEOUS EXPENSES | 5,700 | 5,700 | ||
| OFFICE EXPENSE | 4,011 | 4,011 | ||
| REPAIRS & MAINTENANCE | 535 | 535 | ||
| SECURITY | 258 | 258 | ||
| UTILITIES | 7,692 | 7,692 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST INCOME FROM NOTE REC | 947,384 | 947,384 | |
| OTHER INCOME | 178,066 | 178,066 | |
| OTHER INCOME | 1,071,823 | 1,071,823 | |
| MISCELLANEOUS INCOME | 5,852 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BROKERS FEES | 380,251 | 380,251 |
| Item No. | 1 |
|---|---|
| Borrower's Name | THE LANGDALE COMPANY |
| Borrower's Title | N/A |
| Original Amount of Loan | 16900000 |
| Balance Due | 27018560 |
| Date of Note | 2015-04 |
| Maturity Date | 1937-12 |
| Repayment Terms | 23 YEARS |
| Interest Rate | 0.0335 |
| Security Provided by Borrower | STOCK OF TLC |
| Purpose of Loan | A DISTRIBUTION OF DNI FROM ESTATE |
| Description of Lender Consideration | |
| Consideration FMV | 27018560 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 1,943 | 1,943 | ||
| INCOME TAXES | 161,285 | 161,285 |